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Rumored second-quarter earnings suggest that Samsung is poised to overtake Intel as the world’s largest semiconductor manufacturer. Intel has led the industry in yearly revenue for 26 years, but soaring memory chip sales have allowed Samsung to break that tradition. Additionally, the company is cementing its position by investing around $18.6 billion toward memory chips and next-generation smartphone displays.
The South Korean tech giant, Asia's third-largest company by market capitalization, is now poised to knock Intel off the top of the global semiconductor market-share rankings for the first time since 1991. "From the second quarter, Samsung will become No. 1 in market share due to the recent increase in data centers and demand for solid-state drives," NH Investment & Securities analyst Peter Lee wrote in a note to clients. Samsung's April-June operating profit is expected to leap 67 percent from a year earlier to 13.1 trillion won ($11.4 billion), a new high, according to the average forecast from a Thomson Reuters survey of 18 analysts.
The South Korean tech giant, Asia's third-largest company by market capitalization, is now poised to knock Intel off the top of the global semiconductor market-share rankings for the first time since 1991. "From the second quarter, Samsung will become No. 1 in market share due to the recent increase in data centers and demand for solid-state drives," NH Investment & Securities analyst Peter Lee wrote in a note to clients. Samsung's April-June operating profit is expected to leap 67 percent from a year earlier to 13.1 trillion won ($11.4 billion), a new high, according to the average forecast from a Thomson Reuters survey of 18 analysts.